[pic] BIRZEIT UNIVERSITY FACULTY OF COMMERCE & ECONOMICS ACCOUNTING DEPARTMENT COURSE OUTLINE SECOND SUMMER SEMESTER 2011/2012 ACCT. 230 Instructor: Leila Amer Office Room #: C103 COURSE OBJECTIVES This course is a continuation for accounting 130. In this course students will be exposed to the remaining accounts of the balance sheet. The purpose of the course is to acquaint students with accounting issues related to partnerships and corporations such as
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Exactostock/SuperStock 534 Analyzing Financial Statements: A Managerial Perspective Home and G arden Warehouse (HGW) is a large home i m p r o v e m e n t r e t a i l e r‚ m u c h l i k e H o m e D e p o t o r L o w e ’s . A number of managers are interested in its financial situation. For example‚ Barbara Wilson‚ president of HGW‚ wants to know whether the company has been able to obtain planned discounts from suppliers and reduce selling and operating expenses. Bob Watson‚ a manager at
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Case 7-2 Five Star Tools This report provides an analysis and evaluation of constraints in the production process for the Model C210 and the Model D400 of the Five Star Tools product line. The significant growth the company has experienced in recent years has led to a strain on the firm’s production capacity. This report seeks to determine how to loosen constraints on production and identify the most profitable product line given current production limitations. Incremental analysis is used to
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Chapter 4 Cost-Volume-Profit Analysis QUESTIONS 1. A mixed cost is a cost that has a fixed cost component and a variable cost component. For example‚ the amount paid for telecommunication services would be a mixed cost if there was a fixed monthly fee plus a charge for use. 2. Discretionary fixed costs are those fixed costs that management can easily change in the short-run (e.g.‚ advertising). Committed fixed costs are those fixed costs that cannot be easily changed in the short-run
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The third is to encourage management to assess the efficiency of services provided internally. Finally‚ the fourth reason is the calculation of the “full cost” of a service or product to be used in price determination and financial reporting (Jiambalvo‚ 2009). Cost allocation consists of three steps. The first step is the identification of the cost objective. Here it is established which service‚ product‚ or individual department needs costs allocated to it. The second step is the formation
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determining how a particular company is doing financially by itself or in relation to others in the industry. Financial ratio analysis is the use of financial statements to evaluate a company’s overall performance and assess its strength and shortcomings (Jiambalvo‚ 2009). It is a tool used to evaluate the overall financial health of firms and is approached from different perspectives by creditors‚ managers‚ and stockholders. The three different groups are all interested in the profitability of the firm but
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MAJOR ASSIGNMENT Intro to Financial Management Accounting PART I TOTAL MARKS 40 MARKS Applying your understanding of the relationships among the financial statements: Question 1 25 marks The assets and liabilities of Toronto Service Inc. as of December 31‚ 2008‚ and revenue and expenses for the year ended December 31‚ 2008 are listed below: |Accounts Payable |$21‚000 |
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needed for decision making and improving efficiency of business processes‚ it still is only limited to the internal aspect of the organization. Lack of technology within these systems caused limited coordination with the supply chain. According to Jiambalvo (2007) managerial accounting has to do with providing information to plan and control operations to make business decisions. He further states that understanding managerial accounting is a part of understanding the impact of information technology
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ABC Analysis for Towels More Towels and More is a small family company that is looking to expand their company. Out of the three types of stores they sell too (major retailers‚ specialty retailers‚ and gift shops)‚ gift shops has the highest contribution margin so the CEO believes in order to have a successful expansion‚ they need to pursue gift shops. The marketing manager on the other hand would like to utilize the Activity Based Costing (ABC) approach to analyze the high customer distribution
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+Compensation‚+and+Governance+Considerations&hl=en&gl=us&pid=bl&srcid=ADGEESh4Zhnqkw5HHmQVP61eindNKsRnj-X-3BxGO7AzucIo6-mnujeT2GuqVrXA_e5md4amHYlLG7S-XszobsOIIRKTZL6t7_bqQ-OKd8P-hEoP-6NfKE9g7-ztzHoIUE16SbvJtsMh&sig=AHIEtbS469cGexvo3vo44VJVtbVNbTGtGA Jiambalvo‚ J. (2010). Managerial Accounting 4th Edition. United States: John Wiley and Sons‚
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